Share of Merchandise Imports at Current Purchasing Power Parities for Guinea
CSHMCPGNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-1.26%
Date Range
1/1/1959 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Guinea' measures the relative weight of Guinea's merchandise imports in the global economy. This metric is important for analyzing Guinea's trade integration and economic openness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents Guinea's merchandise imports as a share of global merchandise imports, adjusted for differences in purchasing power across countries. It provides insights into Guinea's participation in international trade and can inform policymakers' decisions on trade, industrial, and macroeconomic policies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess Guinea's economic performance and global trade competitiveness.
Key Facts
- Guinea's merchandise imports account for approximately 0.01% of global merchandise imports.
- The share of Guinea's merchandise imports in global imports has remained relatively stable over the past decade.
- Monitoring this metric can provide insights into Guinea's economic integration and competitiveness in international markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Guinea's merchandise imports in total global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for analyzing Guinea's trade integration, economic openness, and global competitiveness, which can inform policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this metric to assess Guinea's economic performance and competitiveness in the global marketplace, which can inform trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Guinea (CSHMCPGNA156NRUG), retrieved from FRED.